Trip.com Group Limited (9961.HK) stock price, financials & research

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Company profile

Trip.com Group Limited, a leading global travel service provider established in 1999 and based in Shanghai, China, offers an extensive range of travel and related solutions to customers worldwide. The company serves as a booking agent for accommodations and diverse transportation methods, including air, rail, long-distance bus, and ferry travel. It offers various packaged tour options, from organized group and semi-group excursions to personalized itineraries that can combine air travel, cruises, or car rentals. To enhance the traveler's journey, Trip.com Group also provides services such as travel insurance (covering flight delays, accidents, and baggage loss), flight status tracking, online check-in, express security screening, and airport VIP lounge access. Additionally, it supports travelers with in-destination services like local transportation, activity and event tickets, visa assistance, and guided tours. For corporate clients, the company delivers comprehensive travel management solutions. These include facilitating business visits, incentive trips, and conferences, complemented by data collection, cost analysis, and an integrated online platform for booking, authorization, and reporting. Beyond its core travel offerings, Trip.com Group is also involved in online advertising and financial services. It operates under several well-known brands, including Ctrip, Qunar, Trip.com, and Skyscanner. The company, originally named Ctrip.com International, Ltd., officially changed to Trip.com Group Limited in October 2019.

Industry: Travel Services
Sector: Consumer Cyclical
Headquarters: SG
CEO: Jie Sun
Listed since: Apr 19, 2021
Employees: 43,574

Market position

Day range

Current HK$360.4

HK$354.6HK$360.4

52-week range

Current HK$360.4

HK$299.2HK$613

Open: HK$359.8
Previous close: HK$363
Volume: 1.06M; 0.41× average
Average volume: 2.61M; Average daily volume
Market cap: 226.95B HKD
Beta: -0.04; Market reference 1
50-day average: HK$347.6; +3.68% above average
200-day average: HK$432.58; -16.69% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 332.99B CNY
P/E (TTM): 6.43×
P/B (TTM): 1.22×
P/S (TTM): 3.01×
EV / EBITDA: 20.04×
Earnings yield: 9.58%
Free cash flow yield: 3.91%
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 80.33%
Operating margin: 24.94%
Net margin: 48.72%
Return on equity: 19.47%
Return on assets: 12.45%
Return on invested capital: 6.44%

Financial health

Debt / equity: 0.19×
Current ratio: 1.55×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

62.41B CNY+17.10%

Operating income

15.77B CNY+11.26%

Net income

33.29B CNY+95.08%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	62.41B CNY	53.29B CNY	44.51B CNY	20.04B CNY	20.02B CNY
Cost of goods sold	12.12B CNY	9.99B CNY	8.12B CNY	4.51B CNY	4.6B CNY
Gross profit	50.29B CNY	43.3B CNY	36.39B CNY	15.53B CNY	15.43B CNY
Research and development	15.14B CNY	13.14B CNY	12.12B CNY	8.34B CNY	8.99B CNY
Selling, general, and administrative	19.38B CNY	15.99B CNY	12.95B CNY	7.1B CNY	7.84B CNY
Operating expenses	34.51B CNY	29.13B CNY	25.07B CNY	15.44B CNY	16.84B CNY
Interest income	2.54B CNY	2.34B CNY	2.09B CNY	2.05B CNY	2.13B CNY
Interest expense	827.03M CNY	1.74B CNY	2.07B CNY	1.51B CNY	1.57B CNY
Depreciation and amortization	841M CNY	848M CNY	814M CNY	872M CNY	1.02B CNY
Operating income	15.77B CNY	14.18B CNY	11.32B CNY	88M CNY	−1.41B CNY
Net income	33.29B CNY	17.07B CNY	9.92B CNY	1.4B CNY	−550M CNY